Any commission due or received by a partner of a firm from the firm shall not be regarded as salary income under .

Related MCQs

• Under Section 15 of Income Tax Act, the salary due in previous years and even if it is not received is .
• The income is chargeable under the head of salary under ……………of Income Tax Act, 1961.
• Advance salary is taxable and advance against salary is .
• The house rent allowance (HRA) under the salary head of Income Tax Act is given by
• The tax incidence for company or firm in which income received in India and company is resident is .
• The tax incidence for company or firm in which income received in India and company for non-resident is .
• The tax incidence for company or firm in which income received outside India from a source controlled from India for resident is .
• The tax incidence for company or firm in which income received outside India from a source controlled from India for non-resident is .
• The maximum limit for the claim of deduction under salary head Contributions to certain pension funds of LIC or any other insurer is .
• The following shall not be regarded as capital asset: